Territorial Bancorp (TBNK), OmniAmerican Bancorp (OABC) Look Good Among Regionals

Territorial Bancorp (Nasdaq:TBNK) and OmniAmerican Bancorp (Nasdaq:OABC) are a couple of banks that stand out in a sea of uncertainty surrounding their giant counterparts.

JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC) and Citigroup (NYSE:C) all continue to face major challenges from a variety of angles, and will struggle for some time before they are able to shed the impact of the mortgage crisis, which continues to haunt them all.

Investopedia says this about the two regional banks:

"Territorial Bancorp (Nasdaq:TBNK) is a $220 million community bank operating in Hawaii. The company went public in 2009 at $10, and investors have been doing well with shares at $19. Even still, the bank looks quite attractive. Book value per share is $20, and that's a clean book value. Territorial does not engage in subprime lending, and over 90% of the bank's loans are owner-occupied residential. Non-performing assets represented only 0.05% of total assets at year-end 2010. The bank is well capitalized with equity of $227 million against total assets of $1.4 billion.

"A lot of regional banks were created based on a solid set of core values - quality conservative underwriting standards and community stewardship. For many, those values remained intact during the financial crisis. OmniAmerican Bancorp (Nasdaq:OABC) is a Fort Worth, Texas based regional bank. Shares trade for $15.50, a 20% discount to book value of nearly $19 a share. Recently, the company's CFO was out in the market buying shares."

Territorial Bancorp was trading at $19.47, down $0.01, or 0.05 percent, as of 2:15 PM EST. OmniAmerican Bancorp was trading at $15.57, up $0.18, or 1.17 percent.